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- 📝 KoBold Raises $491M
📝 KoBold Raises $491M
Liam Gill
October 09, 2024
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News of the Day
KoBold Metals, a startup using AI to locate mineral deposits, discovered a massive copper resource in Zambia and is close to raising over $500 million to develop it. The company has raised $491 million of its targeted $527 million round, aiming for a $2 billion valuation. KoBold's previous investors include Bill Gates, Jeff Bezos, and others. Initially focused on discovery, KoBold now plans to develop the Zambian copper site, a project estimated to cost $2.3 billion, while continuing work on 60 other exploration projects.
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